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BULLION

GOLD

Prices still trapped in the consolidation region. Although in the confusing state, if prices remain above 50580 region could gradually push prices higher to 51080. But a corrective fall below 50580 may grab prices lower.

SILVER

Current feebleness of prices largely to stretch lower towards the downside objective of 59600 or even lower. But rise above 60950 would be a sign of intraday buying.

ENERGY

CRUDEOIL

Previous session price rally may extend only by solid trades above 8910 region. Botched attempt to mark such trades may eventually push prices lower in the later session.

NATURAL GAS

A long liquidation move is likely to progress if prices stay below 547 region. A vertical rise above the same may bid fresh buying.

BASE METALS

COPPER

Intraday move largely to be northbound if prices stay above 695 region. On the other hand, substantial trades below the 693 may be a sign of weakness.

NICKEL

Prices likely to consolidate with lack of directive trades.

ZINC

As long as prices stay above 296.50 region could expect prices to rebound higher. Although a corrective fall below the same may induce fresh selling in the session ahead.

LEAD

Weakness may continue towards the downside objective of 174 firstly or even lower. Even in this bearish expectation, decisive trades which sustain above 177.40 could lift prices higher.

ALUMINIUM

Prices need to challenge below the downside hurdle of 208 region to extend further weakness. Else hold the same for prices to rebound higher.

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